It's just a example of how easily one can make money in Intraday , if basic trading rules are followed : Things to be watched : 1.Entry Point 2.Support Area 3.The way partials are taken in order to book your profit's and to avoid drawdown in case of any pullback 4.Trade Management
I saw a very nice triple top formation in TSLA . Also , there was a very nice selling momentum from the market , which helped my trade to hit the target .
Yes , it was a clear resistance area for TSLA . It confirmed that it want's to go down with the market in it's very first candle . I went with more than my usual size and got the reward .
After opening down , there was lot of momentum from buyers . The time when TSLA formed a Bull Flag formation , the SPY too was going crazy . What else do you need ???
A great example , why you should sell when everybody is buying !!!!
What is a perfect scenario for shorting a stock ? The situation where market is trending lower and at the same time you see a clear rejection from high's !!
TSLA was trending higher when the market was trending lower . A beautiful technical pattern , that made my day ...
SPY was too volatile when it started in the morning session . I was eagerly waiting to short Plug when I saw it opened higher with the gap . It was just amazing for me when market too started going in the direction of my stock . Finally , I got what I deserved .
NIfty was trading around new high's . High's are always vulnerable . Keeping this in mind I made a very good profit .
Just a glimpse of how breakout behaves after breaking !!!
I found a awesome trade in TSLA . A beautiful breakout in TSLA got it perfect . Traded with 3 times of my usual size .
Early morning session breakout in Bidu . A very quick scalp .
When you understand where you have to buy and where you to sell then definitely you can catch these moves. When everybody was buying , pro trades were selling . There was lot of resistance for bank nifty in the opening session at high's. I found bank nifty more weaker than nifty in the morning . That was the reason I shorted Bank nifty .
It was one of those day's when a stock like TSLA was trading around it's lifetime high but it could not get the market support . Market was trending down so I became very cautious and covered my positions very quickly .
When you do so , I was pretty confident with my trade . The stock behaved exactly what I was thinking . The video is not complete as I was still holding my full size.
It was a clear resistance level for the Bank nifty . It behaved exactly as I thought . Got a descent profit .
On the previous day there was a strong profit taking , so I was expecting a rebound in the market . But for that you need a very good entry to join the run . Just got a perfect entry at the bottom and made my day .
When you want to go long in a stock which is opening gapped up , then forming a bull flag , breaking a resistance and finally with the market support where will that stock go . There is only answer to this and that is high . It was just a dream setup every trader needs for making money . A full confidence trade with double size .